What's New

Due to recent events in the banking and mortgage industries, many members may be wondering if their funds are safe at Lafayette Schools’ Federal Credit Union. The simple answer is…YES! We are proud to note that we have reserves and capital at over twice the regulatory limit. This is important since deposit insurance only comes into effect after an institution's reserves are used. Our delinquencies and losses remain far below the industry norms. LSFCU is also pleased that we do not have any of the sub-prime loans that have caused the mortgage situation that is occurring across the country. And, because we are owned by our members, our financial statements are readily available to the public.

In addition, your shares are insured to at least $100,000 by the National Credit Union Share Insurance Fund (NCUSIF), an arm of NCUA. The National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal and most state-chartered credit unions across the country.

For further information about the Federal Insurance Fund, click here. If you have questions or concerns about your accounts, please feel free to call your local credit union branch.

Lafayette Schools' FCU is excited to announce the availability of AlertMe, a new credit monitoring service designed to help members fight identity theft which is a growing problem that affects millions of Americans. AlertMe gives early warning of activity on your credit report. Since credit report activity can be a sign of possible identity theft, early detection can help you catch problems quickly to minimize losses.

AlertMe monitors your Experian credit file daily. New accounts, credit cards over the credit limit, and address changes are just a few of the items AlertMe monitors. If an activity occurs, AlertMe will send you an email alerting you to the activity. You can log into the AlertMe Web site to read details about the activity and determine if it is suspicious. AlertMe will also send an email to remind you to order your annual free credit reports.

The AlertMe cost is just $4.25 per month. Quarterly and annual plans are available at a reduced rate. Click here to enroll or learn more.

We're pleased to announce that we have recently expanded our membership eligibility to include all Iberia Parish School Board employees. To better serve these new members, LSFCU has opened a new branch centrally located in New Iberia. Our new branch can be found at 1101 Parkview Drive, in New Iberia (corner of Parkview & Lewis St.).

This full-service location is now open from 8:30am to 5:00pm Monday - Friday and includes teller service, safe deposit boxes, a full loan department, drive-thru lanes, a 24-hour ATM, and much more.